Description

The building was renovated in 2015. All communications were replaced and the facade was refurbished.

Financial performance

Absolute annual income is 193,008 €.

The current yield of 6.9%.

Tenants

The tenant is a large supermarket chain.

The lease agreement is signed for a long term.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5.0%

The brokerage fee is 3.57%.

Location

The property is situated in the central part of the city, in the state of Baden-Württemberg. The population of the city is 93 thousand people. The city is located within 20 km away from Stuttgart and forms one agglomeration with it.